GPC at important level
Today the autoparts companies got hammered because of the fantastic news delivered by ORLY
seekingalpha.com/news/3276986-auto-parts-stocks-watch-oreilly-warning
GPC stood it's ground at the 38.20% retracement fibionacci level, at which the market already agreed it was a good entry point 3 times on the last 4 months.
If the terrible news from today didn't make it fall below this point we have a very strong support level.
Trade with confidence.
Cheers
seekingalpha.com/news/3276986-auto-parts-stocks-watch-oreilly-warning
GPC stood it's ground at the 38.20% retracement fibionacci level, at which the market already agreed it was a good entry point 3 times on the last 4 months.
If the terrible news from today didn't make it fall below this point we have a very strong support level.
Trade with confidence.
Cheers
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.